Neil Hudgell on Hull KR investment as he takes on final day as chairman

Neil Hudgell says Hull KR are in negotiations with prospective investors as he takes on his final day as club chairman.

The Robins were put up for sale back in August and are now a month into the process of identifying the right prospective investors for the club.

Hudgell said: “As I relinquish my role as chairman, I do look ahead to 2021 with real optimism for Hull KR, on several fronts: It’s been well documented previously that we have employed an investment banking group to identify prospective new owners/investors in the club.

“They are very experienced in running investment processes in sports clubs and competitions across the world and after several months of due diligence, they are now a month into the process of identifying the right prospective investors for Hull KR.

“There is a very clear mandate to ensure that future investors fulfil our criteria and understand the objective of establishing Hull KR as a leading rugby league club – both in the Super League and further afield. We are very pleased that initial conversations are already taking place with interested parties, in the UK and worldwide.

“With great support from Karl Turner (MP for East Hull) we have also re-engaged with Hull City Council regarding the purchase of the stadium and are in active dialogue. Having submitted a written offer, discussions are encouraging, and we are hopeful we can achieve a positive outcome in the next couple of months. Securing ownership of our own stadium will be a significant step forward and would open up great opportunities for the future.”

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1 Comment

  1. Throw them out if they have no finances. They don’t bring anything to the table, no tv contract, they don’t develop players etc., etc.
    The precedent has been set.

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